GBPUSD Price Analysis
- The GBPUSD price shows weak trades since morning, moving near the broken neckline of the double top pattern, and as long as the price is below 1.2700$, our bearish overview will remain valid and active for today, supported by the negative pressure formed by the EMA50, noting that our targets begin at 1.2580$ and extend to 1.2480$.
The expected trading range for today is between 1.2540$ support and 1.2700$ resistance.
Trend forecast: Bearish